Gitcoin is a blockchain-based platform that aims to connect Web3 coders, developers, and creators with funding opportunities.
With an emphasis on supporting open-source projects that constitute a “digital public good”, Gitcoin is designed to attract talent to open source projects by offering meaningful financial incentives via bounties, grants, hackathons, and more. Enterprising community members can participate in bounties and hackathons to earn cryptocurrency, while project owners can source talent for their own projects by posting said bounties.
Gitcoin also sponsors quarterly grants and regularly scheduled hackathons, which utilize a funding method called Quadratic Funding, wherein a mathematically-derived algorithm assigns funding to projects in a way that is weighted to total the number of funding contributors rather than the funding amount. Through Quadratic Funding, Gitcoin aims to encourage more democratic funding of public goods.
What is Gitcoin (GTC)?
Launched in May 2021, GTC is an ERC-20 token that serves as the governance token of Gitcoin. Announced alongside the Gitcoin DAO, or decentralized autonomous organization, GTC allows Gitcoin members to decide how to allocate resources and improve the ability of the Gitcoin ecosystem to fund public goods projects. Token holders can either participate in the protocol decision-making process themselves or delegate their voting influence to another member, with no staking required.
How to buy Gitcoin (GTC) on Binance.US
Buy Gitcoin (GTC) with Bank Transfer (ACH), Debit Card, or Wire Transfer.
Deposits and withdrawals are now open for GTC.
Note: This article was last updated on May 3, 2022. Deposits for GTC first opened on May 2, 2022 at 5 a.m. PDT / 8 a.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality.
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